‘Make most of tailwinds’ on 40% pt debt-to-GDP surge
The Bahamas must “make the most of the tailwinds” post-COVID and “generate a productivity boost” after the pandemic and $4.3bn in storm damage drove a 40 percentage point debt-to-GDP surge.
Minister: IMF backed $25m ‘reclassification’
A Cabinet minister yesterday said the bulk of the last-minute revisions to the Government’s 2024-2025 spending and deficit figures resulted from advice by the International Monetary Fund (IMF).
Work start imminent for Taino Bridge alternative
Construction of a “temporary” replacement for Freeport’s deteriorating Taino Beach Bridge is due to begin in early October, residents and businesses have been informed.
‘Only make bad employers lodge a redundancy bond’
Bahamian employers yesterday argued that only tax delinquents and companies in breach of other financial obligations should be forced to provide financial security in advance for staff’ terminations.
Canadian tourist arrivals rise 75%
Air arrivals from Canada have surged by more than 75 percent year-over-year, the deputy prime minister has confirmed, helping to further boost the 10 percent rise in total tourism numbers for 2025 to-date.
Fox’s Cable Beach project bids to give residents reassurance
Professionals working on the Cable Beach office complex proposed by Adrian Fox’s Fox Group of Companies office last night sought to reassure nearby residents that any concerns will be addressed.
Minister: Jobless rise is ‘temporary uptick’
The recent 52 percent increase in the number of jobless Bahamians is not evidence that the economy is struggling, a Cabinet minister asserted yesterday.
PM not ‘downplaying’ unemployment growth
The Prime Minister says he is not “downplaying” the recent 52 percent increase in the number of jobless Bahamians as he attributed the increase to more persons entering the workforce.
Rosewood Exuma developer touts 80% job inquiries jump
The $200m Rosewood Exuma resort developer says it has enjoyed a significant increase in inquiries from Bahamians about job and business opportunities since it broke ground.
$80m Exuma project eyeing dredging, mooring changes
An $80m resort residential project proposed for Exuma’s Stocking Island will require “limited dredging” and the potential relocation of some moorings in the Elizabeth Harbour Field.
RF and Simplified team for $50m boost to SMEs
RF Bank & Trust’s president yesterday said a Bahamian non-bank lender may require a further $10m-$15m drawdown from their $50m small business funding tie-up in as little as “three to six months”.
‘Full disclosure’ demanded over deficit revisions
The Government must give “full disclosure” on the last-minute revisions to months’-old fiscal data that enabled it to almost hit its full-year deficit target, a senior banker urged yesterday.
DIR chief: Reform to ‘rein in’ liquor industry ‘running wild’
The Department of Inland Revenue’s top official yesterday said she was “very surprised” that some liquor operators are backing reforms to “rein in” an industry that is “running wild”.
Super Value chief: 'No one left out' on loyalty awards concern
Super Value's president yesterday pledged that "no customer should be left out" after some shoppers voiced concerns about changes to its loyalty and rewards initiative set to take effect from today.
Gov't spending under-shoot offsets 5% VAT target miss
The Government narrowly missed its full-year deficit target despite key revenue streams such as VAT and real property tax under-shooting projections by 5 percent and 9 percent respectively.
